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Motricity Raising $185 Million; Icahn Investing Again

By Rafat Ali - Mon 15 Oct 2007 06:28 PM PST

Following this morning’s news that Motricity is buying InfoSpace’s (NSDQ: INSP) mobile services business, comes the expected news on its funding: it is putting the finishing touches on a $185 million round of private funding, reports TechConfidential. Leading the roundare financier Carl Icahn and investment bank Advanced Equities, which previously invested in the company. Also joining the round are previous investors Cyrus Capital Partners and New Enterprise Associates, while additional investors may include previous backers Intel (NSDQ: INTC) Capital, Massey Burch Capital Corp., Noro-Moseley Partners, Technology Crossover Ventures and Wakefield Group.

Posted in: Companies, InfoSpace, Money, VC M&A



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